Over the past few weeks, the federal government has been depositing expanded child tax credit payments to families due to the pandemic.
The payments are coming from the American Rescue Plan to help offset child poverty during a time of financial hardship for many. While the payments do have benefits, there are some things you need to know.
Watch the video above to learn more.
- From the IRS: Advance Child Tax Credit Payments in 2021
- From the White House: The Child Tax Credit
- From the Associated Press: How the expanded child tax credit payments work
More: Money Monday section